Omaxe, India’s leading real estate company, said the company’s board approved the capitalization of an amount of Rs 93 million from the securities premium account by way of issuing 9.33 million shares of Rs 10 each as bonus shares on Oct. 30, 2013.
The bonus shares issued in proportion of 10 new shares for every 39 existing shares held by the shareholders as on Nov. 12, 2013 (record date) to the exception of the promoters and promoter group of the company.
Post allotment of the bonus shares, the promoters’ stake would be 75% while the public holding will be 25%.
Shares of the company gained Rs 0.25, or 0.18%, to trade at Rs 139.90. The total volume of shares traded was 58,940 at the BSE (12.24 p.m., Wednesday).
Source : myiris